Canadian Pacific Kansas City’s (CP) Hold Rating Reaffirmed at Benchmark

Benchmark reissued their hold rating on shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) in a research report report published on Thursday morning, Benzinga reports.

A number of other research firms have also recently commented on CP. Raymond James increased their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an outperform rating in a research note on Monday. Susquehanna dropped their target price on Canadian Pacific Kansas City from $84.00 to $80.00 and set a neutral rating on the stock in a report on Thursday. Stifel Nicolaus raised their target price on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the stock a hold rating in a report on Friday, April 12th. Bank of America raised their target price on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a buy rating in a report on Wednesday, April 10th. Finally, StockNews.com raised Canadian Pacific Kansas City from a sell rating to a hold rating in a report on Wednesday, January 31st. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of Moderate Buy and a consensus price target of $96.42.

Canadian Pacific Kansas City Trading Down 0.2 %

Shares of NYSE CP traded down $0.13 during trading hours on Thursday, hitting $81.96. 636,966 shares of the company traded hands, compared to its average volume of 2,099,426. Canadian Pacific Kansas City has a 12 month low of $68.92 and a 12 month high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average price is $87.11 and its 200 day moving average price is $79.74. The stock has a market capitalization of $76.44 billion, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 2.10 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.57% and a net margin of 28.27%. On average, equities research analysts anticipate that Canadian Pacific Kansas City will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be given a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is 17.95%.

Hedge Funds Weigh In On Canadian Pacific Kansas City

Several hedge funds have recently bought and sold shares of CP. Norges Bank purchased a new position in Canadian Pacific Kansas City during the fourth quarter worth $979,890,000. TD Asset Management Inc boosted its holdings in shares of Canadian Pacific Kansas City by 47.7% during the fourth quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock worth $1,682,256,000 after purchasing an additional 6,835,271 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $481,016,000. Sustainable Growth Advisers LP boosted its holdings in shares of Canadian Pacific Kansas City by 151.4% during the third quarter. Sustainable Growth Advisers LP now owns 7,847,292 shares of the transportation company’s stock worth $583,917,000 after purchasing an additional 4,726,098 shares during the last quarter. Finally, Causeway Capital Management LLC acquired a new position in Canadian Pacific Kansas City in the third quarter valued at $305,505,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.